9th Feb 2016 07:14
LONDON (Alliance News) - Anglo American PLC on Tuesday said it will report underlying earnings from South Africa's Kumba Iron Ore Ltd of USD238 million for 2015, a significant drop from the USD693.0 million contributed in 2014.
Kumba Iron Ore reported headline earnings of USD304 million for 2015, versus USD1.01 billion the prior year.
Underlying earnings is profit attributable to equity shareholders before special items and remeasurements, and is therefore presented after net finance costs, income tax and non-controlling interests.
Anglo American will report group results for 2015 on Tuesday, February 16.
By Samuel Agini; [email protected]; @samuelagini
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